New York markets open with gains
New York markets opened today in positive territory and its main index, Dow Jones Industrials, advanced 0.44% to settle at 35,046.14 points.
Similarly, the selective S&P 500 and the Nasdaq tech index traded in increases of 0.46% and 0.88%, respectively, according to Bloomberg.
Despite the increases, New York stock markets are aiming to close out the week with negative results, due to losses from the US Federal Reserve’s (FED) meeting minutes that should signal the withdrawal of monetary stimulus sooner than expected.
Concern about the movements of the monetary entity, in an economy that could still be affected by the delta variant of Covid-19, has caused many investors to sell their own securities and commodities and, instead, buy debt securities.
Tech companies led the day, including Microsoft (+2.47%) and chip producer Nvidia (+2.85%), despite the fact that the latter was affected today: its purchase of British semiconductor designer ARM will be investigated by UK competition authorities.
Instead, shares of Chinese companies are falling, with companies like Tencent and Alibaba losing more than 7% of their value this week alone.
(Tillam)
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